Pump.fun Defies Meme Coin Carnage With $1B Token Sale Gamble

As the meme coin market bleeds out, Pump.fun doubles down—launching a jaw-dropping $1B token sale. Because nothing says 'contrarian play' like selling dreamcoins during a dumpster fire.

The move reeks of either genius-level timing or a spectacular misread of crypto's mood swings. Either way, Wall Street hedge funds are taking notes—probably while shorting it.

PUMP Token Soon?

The report did not specify when the launch would take place or whether the PUMP tokens would be available on exchanges or just the meme coin platform, but a post on X suggested it could be soon.

BREAKING: @pumpdotfun launching $PUMP token in next 2 weeks.

– Airdrop for users confirmed as well

It’s finally coming.

— nextfuckingthing (@nextfckingthing) June 3, 2025

The platform has been a breakout success since launching in early 2024, allowing users to create tokens on solana instantly and for free.

It has facilitated the creation of more than 11 million new tokens with a combined total revenue of approximately 3.3 million SOL or roughly $517 million, according to Dune Analytics.

However, volumes have plummeted almost 80% since the height of the meme coin frenzy in January, according to Dune. DeFiLlama reports a similar 70% slump in daily volume on the platform over the past six months.

Nevertheless, Pump.fun has remained competitive by launching its own automated market Maker (AMM) to end its partnership with Raydium, releasing a mobile app, and reintroducing a live streaming feature that was previously suspended due to content moderation issues.

Meme Coin Meltdown

Most meme coins, which were largely considered non-functional degen speculation tokens, have collapsed since their January highs. This has also impacted Solana’s revenue and network activity, which is primarily meme coin-based.

As high-cap cryptos show signs of recovery, meme coins continue to decline with large double-digit losses for Fartcoin, Pudgy Penguins, and Popcat.

Pepe, Bonk, and FLOKI were also in the red at the time of writing. Meanwhile, Donald Trump’s namesake meme coin has tanked 85% from its all-time high in January to trade at around $11 at the time of writing.

It’s a tough day for the meme category today with $FARTCOIN, $PENGU, and $BONK among the hardest hit.

Are you holding any of them?https://t.co/1sqf05lMCK pic.twitter.com/oxXGDELBJb

— CoinGecko (@coingecko) June 4, 2025

It has also been widely reported that the majority of Solana-based meme coins are scams or pump and dump schemes.